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- Title
ADMINISTRATION OF A REGULATORY SMALL LOAN LAW.
- Authors
SULLIVAN, JAMES M.
- Abstract
The article focuses on the administration of regulatory small loan law. The granting of special privileges and the imposition of special restrictions in regulatory small loan laws has been sustained as a proper exercise of the police power. Most persons who patronize the small loan lender, do so because of lack of collateral other than their character and future earning capacity. The latest drafts of the Uniform Law contain protection to each and every borrower. The effectiveness of the laws depends upon the adequacy of their administration which depends upon the skill.
- Subjects
PERSONAL loans -- Law &; legislation; MONEYLENDERS; INVESTORS; POLICE power; COLLATERAL security; DRAFTS (Banking); FINANCIAL instruments; NEGOTIABLE instruments; CREDIT
- Publication
Law & Contemporary Problems, 1941, Vol 8, Issue 1, p146
- ISSN
0023-9186
- Publication type
Article
- DOI
10.2307/1189379